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244 Evening Star Kyle, TX 78640

3 Beds 2 Baths 2,034 sqft Built 2005

$265,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $130.29
  • 5 Days on Market
  • MLS # : 7937177
  • Updated Date : 11/05/2020 at 06:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,034 sqft
  • Baths : 2 full
Listing Agent

Allison James Of Texas, Llc

Listing Agent's Description

Absolutely stunning home with flexible, open floor plan just minutes from downtown Kyle. The kitchen is truly the heart of this home with soaring ceilings, ample cabinets and countertops, a skylight. large island, and breakfast nook! The Private backyard with an extra large patio, built in fire pit, and a shed backs up to a greenbelt. New paint and flooring with newer sleek appliances! Split floor plan with 3 generously sizes bedrooms, 2 dining areas, and 2 living areas! This home has all you need plus all you want!

SEE MORE

MARKET HIGHLIGHTS

  • Austin metro contributes to 8.4% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • #1 in U.S. Cities attracting the most workers and a preferred destination for job movers (LinkedIn, August 2018; Glassdoor May 2018 )
  • Austin metro economy is worth over $153 billion in Gross Metro Product and projected to grow to $162 billion in 2019 (USMayors.org, 2018)
  • #2 in Top 10 cities for entrepreneurs and start-ups (Business.org, 2018)
  • #3 on Best Cities for Renters (Smart Asset, July 2018)
  • #1 in 125 Best Places to Live in the USA (U.S. News, 2019)
  • Austin metro employment growth is at 3.4% and predicted to grow at 2.9% in 2019 (USMayors.org, 2018)
  • Companies with headquarters and major regional presence in Austin: Dell, Whole Foods, Apple, AMD, IBM, Flextronics, Google, Facebook, National Instruments, and Freescale Semiconductor. Apple announced an investment of $1 billion in a new 133-acre campus in Austin accommodating an additional 5,000 employees.
  • Austin metro has 70% labor force participation rate, one of the highest in the nation and higher than the national rate 62.8% (USMayors.org, 2018)
  • Austin ranks #7 in total venture capital deals flow with $1.84 billion venture funding flowing in to the metro in 2019, an increase of 19.5% from the previous year (Crunchbase News, 2020)

PRICE & RENT TRENDS

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $124k298k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 78640

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7011723

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Tobias Elementary School Primary Regular 715 45 4
Wallace Middle School Middle Regular 908 47 4
Lehman High School High Regular 2,303 116 4

Tobias Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 45
4
GreatSchools Rating

Wallace Middle School

  • Education Level: Middle
  • # of students: 908
  • # of teachers: 47
4
GreatSchools Rating

Lehman High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 116
4
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$978
Property Tax -$610
Property Insurance -$142
HOA -$23
Property Management Fees -$142
CASH FLOW
-$115

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$265,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,499

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,780

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,7803$1,8254$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 244 Evening Star Kyle, TX 2
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.88
    •  
  • 199 Prairie Dawn Kyle, TX 1
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2004
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.78
    •  
  • 1464 Star Meadow Kyle, TX 3
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 2014
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.91
    •  
  • 187 Prairie Dawn Kyle, TX 4
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2007
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 272 Mineral Springs Dr Kyle, TX 5
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 2019
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
PROPERTY LISTING DETAILS
Amanda Debord
1.512.710.6425
Allison James Of Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
Austin/Central Texas Realty Information Services ( ACTRIS)
MLS #: 7937177
Last Updated: 11/05/2020
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